Five of the City’s biggest investors will file a lawsuit against Royal Bank of Scotland next week, accusing the bank of misleading them about its emergency rights issue in 2008. The blue chip investors will take the state-backed bank to court to recoup losses on more than £1.2 billion invested in

A light will be shone on the secretive world of setting gold prices in a review launched by the Financial Conduct Authority, which is studying whether gold market benchmarks are operating properly in the wake of the Libor scandal. The regulator has started to gather information from market

It was just over a year ago that Arnaud Montebourg, France’s Minister for Industrial Recovery, was appealing to an American chief executive to buy a French industrial manufacturer to stop a tyre factory closing. Maurice Taylor, the chief executive of Titan International, told the minister: “The

Jeff Randall is finally living the dream. The former Sky TV business presenter has added another non-executive appointment to his portfolio, which consists of a directorship at Babcock, the defence contractor. He has joined the board of Sandown Park, the racecourse in Surrey. It’s not quite

Up to a third of Barclays’ shareholders are set to rebel today against the bumper bonus packets being awarded to its investment bankers. As Barclays’ board prepares to attend its annual meeting on the South Bank in London, it faces a return to the “shareholder spring” of 2012, when a similar

Shares in Quindell plunged yesterday after a research note from a mysterious American investor raised questions about its business model. Following claims made by Gotham City Research, Quindell lost more than half of its value at one point before recovering slightly to close down 39 per cent at

Regulators in Hong Kong have fined Royal Bank of Scotland for lax controls that allowed a rogue trader to lose £24.4 million of the bank’s money. Shirlina Tsang Pui Yu was jailed last year after being found guilty of fraud, which the bank had reported to Hong Kong’s Securities and Futures

Campaigners are fighting to make Britain one of the first countries in Europe to abolish all vestiges of trading laws that single out Sunday as a day of rest. The move is being led by Philip Davies, the Conservative MP for Shipley, in West Yorkshire, who calls the existing rules “a complete

A revamp of Ryanair’s website has pushed the airline dozens of places down the rankings of Google searches, costing the Irish carrier hundreds of thousands of prospective customers a day. The airline launched a new look for its website last autumn as part of an overhaul that involved improving its

The number of companies applying for new banking licences has jumped to 29, raising the prospect that an upheaval of British high street banking could be on the way. Figures from the Financial Conduct Authority show that the regulator is considering applications from three would-be new banks and